PYPL Stock: $343 Target From Barclays

By Amit Chowdhry ● Jul 28, 2021
  • The shares of PayPal Holdings Inc (NASDAQ: PYPL) have received a price target increase from $318 to $343 from Barclays. These are the details.

The shares of PayPal Holdings Inc (NASDAQ: PYPL) have received a price target increase from $318 to $343 from Barclays. And Barclays analyst Ramsey El-Assal is maintaining an “Overweight” rating on the company shares.

El-Assal is expecting a modest upside to the second-quarter estimates. And the leading indicators showed e-commerce growth decreased sequentially, but remained healthy in the second quarter — which is in line with company guidance. As a result, El-Assal believes that PayPal’s fundamentals remain strong.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.